ZWR / XBT exchange rate :P

Discussion in 'Digital Currencies' started by goldpelican, Jun 5, 2014.

  1. goldpelican

    goldpelican Administrator Staff Member

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    Most people are familiar with the $100 trillion zimdollar note - this is officially $100 trillion "ZWR" (or "third" Zimbabwe dollar). When it was revalued on 2 February 2009 by lopping off 12 zeroes (as you do), the exchange rate was $300T ZWR to $1 USD. Each $100 trillion note was worth just 33c.

    At today's bitcoin valuation of $640 USD (from Coindesk), 1 bitcoin would be worth an eye-watering $192 QUADRILLION Zimbabwe dollars. You would need 1,920 $100 trillion notes to buy a bitcoin (about 2kg of banknotes).

    So a single satoshi (0.00000001 BTC) today would be worth $1.92M Zimbabwe dollars if the Feb 2009 exchange rate had stuck.

    I'm sure there's a decimal point issue in there somewhere!
     
  2. southerncross

    southerncross Well-Known Member Silver Stacker

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    I'm moving to Zimbabwe and living like a Trillionare :)
     

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